$549,770

5401 Collins Ave #514, Miami Beach, FL 33140

Bedrooms
2
Baths
2
Living area
980 ft²
Price per ft²
$561 / ft²
Type
Condo
Year built
1967
HOA
$1,330 / mo HOA
On market
439 days on market
MLS #
A11838362

Rare opportunity to own a direct oceanfront 2BD/2BA in a full-service luxury building on Millionaire’s Row. This spacious, remodeled unit features an open kitchen, updated baths, ceramic floors, with ocean views, and new central A/C. The building offers resort-style amenities: Olympic-size heated pool, oceanview gym, sauna, hot tub, valet, 24-hr security, doorman, synagogue, restaurant, mini-market, salon, marina, racquetball court & 2 lighted tennis courts. Recent capital improvements include full concrete restoration, impact windows/doors, and completed 40-year recertification. Prime location—just minutes to South Beach, Bal Harbour, top dining, shopping, cultural venues & Miami Airport.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $561. The median for recorded sales in the same ZIP codes is $607/ft² — putting it 8% below the median.
  • Position in the area’s price distributionThe asking price is $549,770; the median of recorded sales in the area is $585,000 (2,214 sales). On raw price that is 6% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $1,330 per month comes to $15,960 a year — 2.9% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$164,931
Term

6.95% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 17, 2026.

Estimated monthly payment$2,547
Loan amount
$384,839
Total interest over the term
$532,237
Total repaid
$917,076

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Beachfront Realty Inc

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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